Burger King in Talks to Acquire Tim Hortons -WSJ
Burger King Worldwide (NYSE: BKW) is in talks to acquire Tim Hortons (NYSE: THI), according to WSJ. The deal, which would be structured as a tax-inversion, according to sources, would create a company valued at approximately $18 billion.
Tim Hortons closed Friday at $62.84, a gain of $1.69, while Burger King gained $0.27, to close at $27.11.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.